NEWS
2022.07.25
Former CEO of Jestina Acquitted…Ruling on Executives Selling Shares Before the Stock Price Crash
Service area
Lawyer
The former CEO of Jestina, who was put on trial for evading losses by selling stocks before the disclosure of negative undisclosed information, has been acquitted. Recently, several major shareholders and members of the management, who have a deep understanding of the company's internal circumstances, such as company performance and favorable or negative information, have been found not guilty. Partner attorney Sangjin Cha emphasized that “whether the information obtained could affect the market is the basis for the court’s decision, and a causal relationship such as how the disclosure of such information may impact the market is important.” [Aju Business Daily 07.27.22]
